Matsa Resources Ltd · ASX:MAT
Matsa Resources — Investor Presentation (September 2020)
21 slides from Matsa Resources's investor presentation, Sep 2, 2020
Slide 1: An Emerging Gold Producer with Substantial Exploration Potential
A n Em erg ing Go ld Pro d ucer w it h Sub st ant ial Exp lo rat io n Po t ent ial Sep t em b er 20 20 Present at io n Paul Poli, Execut ive Chairm an
Slide 2: Important Notice
IMPORTA NT NOTICE Disclaim er and Fo rw ard Lo o king St at em ent s Co m p et ent Perso ns St at em ent s This p resent at ion has b een p rep ared b y Mat sa Resources Lim it ed (“ Mat sa” or t he “ Com p any” ). It should not b e consid ered as an offer or invit at ion or ind ucem ent t o Exp lo
Slide 3: Corporate Overview
CORPORA TE OVERVIEW CORPORA TE SNA PSHOT TICKER SHA RES ON ISSUE UNLISTED OPTIONS MA RKET CA PITA LISA TION A SX:MA T 227.0 7M 25.6 0 M A $36 .33M @ $0 .17 - $0 .35 @ $0 .16 ( 31 A ug 20 20 ) SIGNIFICA NT SHA REHOLDERS MA T: TW ELVE MONTH SHA REPRICE ( as at 18 A ug 20 20 ) JP Morg an Lt d 15.73 % B
Slide 4: Why invest in Matsa?
W hy invest in Mat sa? MA TSA RESOURCES INVESTOR PRESENTA TION 4
Slide 5: Lake Carey Gold Project
LA KE CA REY GOLD PROJECT W ORLD CLA SS GOLD MINES NEA RBY • Sunrise Dam >10 Moz • W allab y >7Moz • Granny Sm it h >2Moz PA THW A Y FOR 20 20 A ND BEYOND • Red Oct ob er und erg round m ining cont inuing on a long - t erm b asis • Fort it ud e St ag e 2 m ining , forecast p osit ive cashflow of ap
Slide 6: Producer Explorer
Pro d ucer Exp lo rer Ex p o sur e t o Pr o d uc t i o n Gr o w t h Ex p o sur e t o Ex p l o r at i o n Success • Red O c t o b er und erg ro und • Red O ct o b er • Fo r t it ud e o p en p it • Fo r t it ud e No r t h • Devo n o p en p it and • Devo n and Sur ro und s und erg ro und • O ly m p ic
Slide 7: Proven Capacity to Mine Successfully
PROVEN CA PA CITY TO MINE SUCCESSFULLY PROVEN DEVELOPMENT CA PA BILITY • Red Oct ob er und erg round m ining b ecom ing long -t erm and cashflow p osit ive • Fort it ud e t rial m ine, excellent know led g e b ase for larg er St ag e 2 m ine • Mining St ud ies on Devon com m encing A NGLOGOLD A SHA
Slide 8: Red October Gold Mine
RED OCTOBER GOLD MINE • Und erg round resource 85,0 0 0 o z @ 13.6 g / t A u • Min e is fu lly a c c e s s ib le w it h a ll ve n t ila t io n , e m e rg e n c y a c c e s s a n d d e w a t e rin g in fra s t ru c t u re in • 10 0 % Ma t s a o w n e d a n d o p e ra t e d p la c e a n d o p e ra t i
Slide 9: Red October Gold Mine
RED OCTOBER GOLD MINE MINING OPERA TIONS IMPROVING • W ast e m ining st art ed A p ril 20 19 • Ore m ining st art ed June 20 19 • Ore d elivery com m enced July 20 19 • Mining rat e of 1,0 0 0 oz of g old p er m ont h t o increase w it h furt her d rilling success NEW DRILL PROGRA MS COMMENCING • Ta
Slide 10: Development Opportunity: Fortitude Stage 2 Gold Mine
DEVELOPMENT OPPORTUNITY: FORTITUDE STA GE 2 GOLD MINE • Trial Mine result p rovid es hig h confid ence of g old • Mine life has st rong p ot ent ial t o g row from new resource and m et allurg ical recoveries op t im isat ions • Ore t reat m ent op t ions b eing evaluat ed • Pot ent ial for fut ure
Slide 11: Fortitude Stage 2 Gold Mine Studies
FORTITUDE STA GE 2 GOLD MINE STUDIES STA GE 2 MINE STUDY RESULTS* Month surplus and cash flow • The current g old p rice ( A $2,650 oz) w ould $7,000,000 $25,000,000 have a sub st ant ial p osit ive effect on t he p roject $6,000,000 $20,000,000 $5,000,000 • Exp ect ed 22-m ont h m ine life $15,000,
Slide 12: We are an Explorer
W e are an Exp lo rer
Slide 13: Lake Carey - Exploration Upside
LA KE CA REY - EXPLORA TION UPSIDE 56 3km 2 HIGHLY PROSPECTIVE TENEMENT PA CKA GE • In t he Lavert on t ect onic zone near w orld class g old m ines • Consid erab le scop e for reg ional exp lorat ion success, w it h 20 20 d rilling d em onst rat ing op p ort unit ies • A reas covered b y salt lakes
Slide 14: Recent Drilling Highlights
RECENT DRILLING HIGHLIGHTS FORTITUDE NORTH DISCOVERY • Only 80 0 m of 1,50 0 m long t arg et d rilled so far • Gold seen in 7 of 8 d iam ond d rill holes incl. 4 m @ 13.6 3 g / t A u and 10 .3m @ 3.4 8 g / t A u DEVON MINE • 4 of 5 RC holes int ersect ed hig h g rad e g old incl. 3m @ 35.0 3 g / t A
Slide 15: Devon Gold Mine
DEVON GOLD MINE EA RLY 20 20 OUTSTA NDING RESULTS • Main lod e int ersect ions confirm t he cont inuat ion of hig h-g rad e g old m ineralisat ion b elow p reviously m ined op en p it b y GME Resources Lt d ( 4 7,30 2t at 5.3 g / t A u) . • Phase 1 cam p aig n includ es 4 ,50 0 m RC and 4 50 m d iam
Slide 16: Devon Gold Mine - Olympic
DEVON GOLD MINE - OLYMPIC OLYMPIC MINERA LISED SHOOTS OPEN A T DEPTH • Phase 1 cam p aig n includ es 2,0 0 0 m RC and 30 0 m d iam ond d rilling New short term mining opportunity MA TSA RESOURCES INVESTOR PRESENTA TION 16
Slide 17: Devon Gold Mine
DEVON GOLD MINE THE DEVON OPPORTUNITY • Mat sa resolved p revious b ound ary im p ed im ent s w hich m akes t his op p ort unit y p ossib le • A ll m ining licences and p erm it s in p lace and m akes m ining q uick and easily rest art ed . New short term mining opportunity
Slide 18: Lake Carey - Fortitude North
LA KE CA REY - FORTITUDE NORTH POTENTIA L FOR MA JOR STA ND-A LONE DEPOSIT Previous assays includ e: - 4 m @ 13.63 g / t A u from 79m - 10 .3m @ 3.4 8 g / t A u from 124 .6m - 4 7m @ 2.55 g / t A u • Phase 1 cam p aig n includ es 10 ,0 0 0 m aircore and 3,150 m d iam ond d rilling Go ld m ineralised
Slide 19: Matsa's Exploration Targets: Exploration Program Timeline
MA TSA ’S EXPLORA TION TA RGETS 12 MONTH EXPLORATION PROGRAM TIMELINE Q3 Q4 Q1 Q2 Q3 EXPLORATION TARGET September September November December February October January August August March June April May July July Red October Devon Olympic Hill East Fortitude North Supergene Fortitude North Primary Ga
Slide 20: Matsa's Exploration Targets
MA TSA ’S EXPLORA TION TA RGETS Build ing Go ld Reso urces at Lake Carey EXPLORATION TARGETS Lower Case Target Upper Case Target EXPLORATION TARGET Tonnes Grade Ounces Gold Tonnes Grade Ounces Gold Red October 900,000 6.9 200,000 1,740,000 6.1 340,000 Devon 1,040,000 3.0 100,000 2,600,000 3.0 250,00
Slide 21: Success in Mining and Exploration will Deliver Shareholder Value
Success in Mining and Exp lo rat io n w ill Deliver Shareho ld er Value CONTA CT Paul Poli Execut ive Chairm an Suit e 11, 139 New cast le St reet Pert h, West ern A ust ralia 60 0 0 +61 8 9230 3555 recep t ion@m at sa.com .au MA TSA RESOURCES INVESTOR PRESENTA TION 21
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